Rupiah Holds Ground After Forex Reserves Data
The Indonesian rupiah remained stable at 16,660 per dollar after forex reserves rose for the second consecutive month in November. Despite interventions to stabilize the currency, traders are anticipating key domestic data releases next week. Bank Indonesia aims to guide the rupiah to 16,500 per dollar next year, with potential rate cuts. Globally, the US dollar index steadied at 99 as markets await inflation data and the Fed's final meeting of the year.
Trading Economics·